Divyadhan Recycling Industries IPO is a book built issue of Rs 24.17 crores. The issue is a fresh issue of 37.76 lakh shares. Divyadhan Recycling Industries IPO opens for subscription on September 26, 2024 and closes on September 30, 2024. The allotment for the Divyadhan Recycling Industries IPO is to be finalized on Tuesday, October 1, 2024. Divyadhan Recycling Industries IPO will list on NSE SME with tentative listing date fixed as Friday, October 4, 2024.
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Divyadhan Recycling Industries Limited NSE SME IPO Details
Detail Information
IPO Opening Date Thursday, September 26, 2024
IPO Closing Date Monday, September 30, 2024
Listing Date Friday, October 4, 2024
Face Value ₹10 per share
Price Range ₹60 to ₹64 per share
Lot Size 2000 Shares
Total Issue Size 3,776,000 shares ( ₹24.17 Cr )
Fresh Issue 3,776,000 shares ( ₹24.17 Cr )
Offer for Sale
IPO Segment Book built issue
Listing At NSE SME
Shareholding Pre-Issue 10,530,714 shares
Shareholding Post-Issue 14,306,714 shares
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Divyadhan Recycling Industries Limited, established in May 2010, manufactures Recycled Polyester Staple Fibre (R-PSF) and Recycled Pellets. Certified under ISO 14001:2015 for quality and environmental management, the company operates two verticals: producing R-PSF from PET bottles and manufacturing recycled pellets. Its facility in Himachal Pradesh has a production capacity of 8030 metric tons for fiber and 4320 metric tons for pellets.
Key Dates, Price Band, and Lot Size
· Divyadhan Recycling Industries Limited IPO Opening Date: September 26, 2024
· Divyadhan Recycling Industries Limited IPO Closing Date: September 30, 2024
· Divyadhan Recycling Industries Limited IPO Allotment Date: October 1, 2024 (Tentative)
· Divyadhan Recycling Industries Limited IPO Price Band: ₹60 to ₹64 per share
· Divyadhan Recycling Industries Limited IPO Lot Size: 2000 shares
· IPO Refunds Initiated: October 3, 2024
· Shares Credited to Demat: October 3, 2024
Financial Highlights for FY 2024
- Assets: ₹2,412.11 crores
- Revenue: ₹5,912.88 crores
- Profit After Tax: ₹237.8 crores
- Net Worth: ₹1,291.03 crores
Divyadhan Recycling Industries Limited Financial Information (Restated)
Divyadhan Recycling Industries Limited’s revenue increased by 2% and profit after tax (PAT) rose by 10% between the financial year ending with March 31, 2024 and March 31, 2023.
Period Ended Assets (₹ Lakhs) Revenue (₹Lakhs) Profit After Tax (₹Lakhs) Net Worth (₹Lakhs)
31 Mar 2024 2,412.11 5,912.88 237.8 1,291.03
31 Mar 2023 1,938.64 5,815.51 216.18 853.23
FAQs | Divyadhan Recycling Industries Ltd IPO
Divyadhan Recycling Industries Limited, incorporated in May 2010, focuses on manufacturing Recycled Polyester Staple Fiber (R-PSF) and recycled pellets from PET bottles.
The IPO bidding date for Divyadhan Recycling Industries IPO is from September 26, 2024 to September 30, 2024.
The IPO lot size for Divyadhan Recycling Industries is 2000 shares.
The IPO face value is set at ₹10 per share.
You can check the IPO allotment status through the registrar’s website.
The IPO allotment is expected to be finalized on October 1, 2024.
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